The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture Of Computer, Electrical Electronic And Optical Products Manufacture Of Computer, Electronic And Optical Products 26.51 - Manufacture of instruments and appliances for measuring, testing and navigation
124 jobs Number of planned job losses
Announcement Date
29 September 2020
Employment effect (start)
1 February 2021
Foreseen end date
Description
Auxitrol Weston, which designs pressure and temperature sensors and probes for long-haul aircraft, has announced a reorganisation with 124 job cuts out of a total workforce of 437.
The company has been hit hard by the COVID-19 health crisis and by the economic consequences for the aeronautics industry. The health crisis swept away years of growth in just a few months.
Auxitrol Weston has already dismissed employees with fixed-term contract and temporary workers. The company has also introduced short-time working, which will continue until March 2021. Employee representatives will start negotiations on 5 October. The first redundancies could take place in February 2021. It is difficult to know the final number, although the 124 jobs at risk the maximum number of expected redundancies.
Sources
Citation
Eurofound (2020), Auxitrol, Internal restructuring in France, factsheet number 101952, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/101952.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
